The increased buying interests of foreign institutions and local retail investors’ bullish sentiments on Thursday lifted the Qatar Stock Exchange above 10,500 levels.
The real estate, consumer goods, transport and industrials counters witnessed higher than average demand as the 20-stock Qatar Index shot up 43 points, or 0.41%, to 10,541.53 points, recovering from an intraday low of 10,437 points.
The foreign individuals’ weakened net selling also had its role in the bourse, whose year-to-date gains were at 1.01%.
The Islamic index was seen outperforming the main barometer and other indices in the market whose capitalisation saw about QR6bn or 0.89% increase to QR616.02bn, mainly owing to large and midcap segments.
Six the seven sectors were under buying spotlight in the bourse, where the domestic institutions and the Arab individuals turned bearish.
More than 67% of the traded constituents extended gains in the bourse, which saw a total of 110,147 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR396,295 change hands across 23 deals; while in the debt market, there was no trading of sovereign bonds and treasury bills.
The Total Return Index gained 0.41% to 20,859.38 points, the All Share Index by 0.48% to 3,350.11 points and the Al Rayan Islamic Index (Price) by 0.97% to 2,451.9 points.
The realty sector index soared 1.56%, consumer goods and services (0.84%), transport (0.75%), industrials (0.58%), insurance (0.39%) and banks and financial services (0.36%); while telecom declined 1.03%.
Major gainers included Investment Holding Group, Ezdan, Salam International Investment, Qamco and Mazaya Qatar; even as Mannai Corporation, Zad Holding, Commercial Bank and Ooredoo were among the losers.
The foreign funds’ net buying increased substantially to QR30.85mn compared to QR26.18mn on April 7.
Qataris were net buyers to the tune of QR10.31mn against net sellers of QR22.5mn the previous day.
The Gulf individuals’ net profit booking eased marginally to QR12.39mn compared to QR13.69mn on Wednesday.
However, the domestic funds turned net sellers to the extent of QR17.07mn against net buyers of QR0.18mn on April 7.
The Gulf institutions’ net selling strengthened notably to QR8.49mn compared to QR2.85mn the previous day.
The Arab individuals were net sellers to the tune of QR7.1mn against net buyers of QR7.53mn on Wednesday.
The foreign individuals’ net buying declined markedly to QR3.9mn compared to QR5.24mn on April 7.
The Arab institutions continued to have no major net exposure.
Total trade volume grew about 1% to 576.04mn shares, whereas value declined 6% to QR866.45mn and transactions by 1% to 14,106.